# London Pensions Fund Authority

London Pensions Fund Authority is a Pension Fund based in London, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** 2nd Floor 169 Union Street, London, England, United Kingdom, SE1 0LL
- **Founded:** 1989
- **Assets under management:** 10156 (Altss estimate)
- **Website:** lpfa.org.uk
- **LinkedIn:** https://uk.linkedin.com/company/london-pensions-fund-authority

## Regulatory record

- **Reports private funds:** No

## About

The London Pensions Fund Authority was established in 1989 to deliver pension benefits under the Local Government Pension Scheme. It serves more than 100,000 members and 115 employers. The fund maintains a 50 percent ownership stake in the Local Pensions Partnership, which handles both investment management through LPPI and administration through LPPA. LPFA allocates 7.2 percent of assets to private equity with a 5 percent target. It maintains exposure to infrastructure, residential real estate, and renewables through co-investments and joint ventures. Confirmed holdings include Get Living via the DOOR platform, Hornsea 1 Offshore Wind Farm through GLIL Infrastructure, and multiple London regeneration projects such as Shepherd's Bush Market and Edge London Bridge. Geographic focus remains the United Kingdom, with the majority of direct investments concentrated in Greater London and national infrastructure assets. The fund employs 50 professionals and reports AUM of $10.2B. It participates in The London Fund alongside London CIV and LPPI. October 2025: Participated as speaker at the Pensions UK Annual Conference on LGPS pooling and infrastructure allocation. Additional memberships include the Institutional Investors Group on Climate Change and the Principles for Responsible Investment. LPFA's governance ties board appointments directly to the Mayor of London while investment execution occurs through the Local Pensions Partnership joint venture. This arrangement separates scheme oversight from day-to-day asset management and creates a shared operating platform with other LGPS funds.

## Sectors

- Infrastructure
- Real Estate
- Renewable Energy

## People

- John Preston — Chair
- Joanne Donnelly — Chief Executive Officer

## Questions

### Who runs investment decisions at London Pensions Fund Authority?

Investment management is delegated to Local Pensions Partnership Investments (LPPI) under a 2016 joint venture agreement. LPFA retains oversight through its board chaired by John Preston.

### How does London Pensions Fund Authority source proprietary deal flow?

LPFA accesses deals through its 50 percent ownership in the Local Pensions Partnership and co-investment vehicles such as GLIL Infrastructure and The London Fund.

### Does London Pensions Fund Authority participate in fund commitments or only direct deals?

The fund makes both fund commitments and direct co-investments. Examples include commitments to Bridges Sustainable Growth Fund III and direct stakes in Get Living and infrastructure assets.

### What investment stages does London Pensions Fund Authority typically target?

LPFA targets mature infrastructure, operational real estate, and growth private equity. It maintains a 5 percent target allocation to climate solutions by 2030.

### What is London Pensions Fund Authority's known posture on co-investments alongside external GPs?

LPFA pursues co-investments through GLIL Infrastructure with other LGPS funds and through The London Fund with London CIV.

## Related profiles

- [GFH Financial Group](https://altss.com/profile/gfh-financial-group)
- [Eskom Pension & Provident Fund](https://altss.com/profile/eskom-pension-provident-fund)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/london-pensions-fund-authority

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology